From Milestones to Visions: KGNDF and Korean Partners Advancing Transformative Climate Solutions
Date: Oct 27,2023
Time: 09:30 to 12:00 (KST/GMT+9)
In March 2022 the Ministry of Economy and Finance (MOEF) of the Republic of Korea (ROK) entered into an Administration Agreement for the Korea Green New Deal Fund (KGNDF) to develop innovative and influential green growth and climate resilience oriented projects. For several years now, KGNDF has built close collaboration with Korean partners, aiming for a strategic approach and meaningful accomplishments. This session provides an in-depth examination of the significant achievements realized by the Korea Green New Deal Fund (KGNDF) in collaboration with its Korean counterparts during the period 2022-2023. It will commence with a meticulous presentation of KGNDF’s key accomplishments, emphasizing the challenges encountered and the subsequent resolutions implemented. Moreover, insights will be shared regarding the lessons drawn from the partnership cases, offering valuable perspectives for future collaborations. Subsequently, the discourse will shift to an exploration of the extended impacts, with a specific focus on the concerted efforts directed towards achieving the net-zero objective by 2050. Participants will gain a comprehensive understanding of the strategic initiatives undertaken by Korean line ministries, shedding light on their pivotal contributions to the overarching goal of carbon neutrality. Additionally, the expected outcomes of the line ministries’ global cooperative commitments for the upcoming decade will be outlined. The session will conclude with a structured discussion, wherein attendees will deliberate on potential areas of collaboration between GGGI and Korean partners for the next five years. Emphasis will be placed on formulating strategies to ensure that these collaborations are both impactful and aligned with the broader objectives of sustainable economic growth. Participants are encouraged to engage in this rigorous exploration, reflecting on past achievements and strategizing for future transformative climate endeavors.